TCS HR chief Sudeep Kunnumal on layoffs in future: We are not chasing a target, will continue to …


TCS HR chief Sudeep Kunnumal on layoffs in future: We are not chasing a target, will continue to ...

Tata Consultancy Services (TCS) HR head Sudeep Kunnumal recently addressed concerns over potential layoffs at the IT giant. Speaking during the company’s Q2 earnings call earlier this month, Kunnumal said that TCS is not chasing a target” when it comes to job cuts. Instead, the IT firm said it will evaluate “everyone”. During the earnings call, analyst Surendra Goyal from Citi asked:“The (second) question is with the release of 1% workforce, the headcount declined by 20,000 people or 3%. And what you had announced earlier was 2%. So should we expect a similar kind of head count reduction in the next quarter as well?”TCS HR head Sudeep Kunnumal replied to the question saying:“So almost — see, the 20,000 head count is a factor of voluntary and involuntary attrition. So you should see that. But as we announced, against the 2 percentage, we have midway, so we have done approximately 1 percentage of it. And like what Krithi just mentioned, we don’t have a target.”“We are not chasing a target. We’ll continue to evaluate everyone after all the investment in learning and development that we’ve done…..” he continued.Goyal further asked: “So just to clarify, there will be no involuntary attrition beyond the 1% number, is that understanding correct?”To this, Kunnumal replied: “No, no, I didn’t say that. See, we estimate it to be 2%. We are currently at 1%, and we will continue to evaluate people whom we can redeploy — whom we are not redeploy, and those are the people that we will release.”During the earnings call, TCS HR chief also talked about the new H-1B visa rule announced by Trump administration last month. Kunnumal said “…on H1B, we have significantly localized our workforce in the U.S. approximately just about 500 associates have traveled to the U.S. on H1B. We believe our business model will be able to adapt quickly to any changes in immigration policy.” US announced an annual fee of $100,000 on H-1B visa applications from September 21 onwards.





Source link

  • Related Posts

    When and where Rohit Sharma and Virat Kohli will train in Australia | Cricket News

    Senior stars Virat Kohli and Rohit Sharma were among the first batch of Indian cricketers who flew out on Wednesday for the three-match ODI series against Australia, beginning October 19.…

    ‘Hurt by situation’: Former Pakistan PM Imran Khan seeks parole to mediate Afghanistan tensions; calls for peace

    Former Pakistan PM Imran Khan (ANI file photo) Former Pakistan Prime Minister and Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, who has been imprisoned since August 2023, has reportedly requested parole…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    en_USEnglish